Blue Star Helium Delivers First Production at Galactica and Ramps Up Colorado Operations

Blue Star Helium ( (AU:BNL) ) has provided an update.

Blue Star Helium has achieved first helium production at its Galactica Project in Colorado following the rapid construction, installation and commissioning of the Pinon Canyon processing plant in the December 2025 quarter. Initial production from a suite of development wells confirms commercial-scale helium and associated CO2 volumes, marking a major operational milestone and value inflection point after several years of subsurface work. The company is now focused on stabilising plant throughput, implementing a two-phase offtake strategy with short-term contracts to generate early 2026 revenue and longer-term partnerships for sustained cash flow, and ramping output via infill drilling and additional well tie-ins to reach full plant capacity. Blue Star expects the operation to have a life exceeding 12 years, including first CO2 sales targeted in the first half of 2026, and has bolstered its balance sheet for the ramp-up through an equity placement and a non-renounceable rights issue raising a combined A$3.78 million.

The most recent analyst rating on (AU:BNL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Blue Star Helium stock, see the AU:BNL Stock Forecast page.

More about Blue Star Helium

Blue Star Helium Limited is an Australian-listed helium exploration and production company with projects in the United States, focused primarily on developing the Galactica/Pegasus Project in Las Animas County, Colorado. The company targets helium resources within the Lyons Formation and aims to supply refined helium and carbon dioxide to commercial markets, positioning itself as an emerging producer in a niche but strategically important industrial gas segment.

Technical Sentiment Signal: Sell

Current Market Cap: A$28.17M

For detailed information about BNL stock, go to TipRanks’ Stock Analysis page.